Gavin Baker Atreides Management
Gavin Baker is the founder of Atreides Management, a long/short equity firm focused on technology and innovation. He previously managed growth strategies at Fidelity, where he built a reputation for early research into cloud software, semiconductors, and internet platforms. Baker’s public portfolio is often studied for high-conviction technology themes and cyclical semiconductor exposure.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Advanced Micro Devices
AMD
|
+$283M |
| 2 |
P
Everpure Inc
P
|
+$94.7M |
| 3 |
On Holding
ONON
|
+$86.9M |
| 4 |
Bath & Body Works
BBWI
|
+$80.9M |
| 5 |
Marvell Technology
MRVL
|
+$72.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Oracle
ORCL
|
+$92.1M |
| 2 |
Shopify
SHOP
|
+$86.1M |
| 3 |
Meta Platforms (Facebook)
META
|
+$71M |
| 4 |
Airbnb
ABNB
|
+$49.9M |
| 5 |
CFLT
Confluent
CFLT
|
+$45.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 33.92% |
| 2 | Technology | 24.08% |
| 3 | Communication Services | 10.37% |
| 4 | Industrials | 2.25% |
| 5 | Real Estate | 0.28% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$809B
| $991M | 26.06% |
+2,775,000
| New | +$1.1B |
|
2
Amazon
AMZN
$2.79T
| $304M | 7.99% |
2,689,858
-264,019
| -9% | -$33.4M |
|
3
Dick's Sporting Goods
DKS
$16.4B
| $227M | 5.98% |
2,173,469
+301,296
| +16% | +$30.7M |
|
|
4
Advanced Micro Devices
AMD
$773B
| $211M | 5.54% |
+3,327,042
| New | +$283M |
|
|
5
Meta Platforms (Facebook)
META
$1.4T
| $139M | 3.64% |
1,021,092
-438,018
| -30% | -$71M |
|
6
Deckers Outdoor
DECK
$12.5B
| $134M | 3.52% |
2,569,848
+216,492
| +9% | +$11.3M |
|
|
XYZ
7
Block Inc
XYZ
$49.4B
| $126M | 3.32% |
2,296,232
+811,526
| +55% | +$57.5M |
|
8
Take-Two Interactive
TTWO
$44.8B
| $122M | 3.2% |
1,115,886
+347,597
| +45% | +$43.2M |
|
9
Hyatt Hotels
H
$17B
| $99.5M | 2.62% |
1,229,615
-46,735
| -4% | -$3.97M |
|
|
P
10
Everpure Inc
P
$36.1B
| $91.7M | 2.41% |
+3,350,111
| New | +$94.7M |
|
11
BILL Holdings
BILL
$4.76B
| $86.3M | 2.27% |
652,140
-98,597
| -13% | -$14.2M |
|
12
Twilio
TWLO
$34.6B
| $85.8M | 2.26% |
1,241,395
+757,918
| +157% | +$60.6M |
|
|
FTCH
13
DELISTED
Farfetch Limited Class A Ordinary Shares
FTCH
| $81.3M | 2.14% |
10,912,926
+1,179,381
| +12% | +$10.5M |
|
|
14
Bath & Body Works
BBWI
$3.92B
| $74.7M | 1.97% |
+2,292,685
| New | +$80.9M |
|
15
Liberty Media Series C
FWONK
$26.3B
| $73.4M | 1.93% |
1,298,591
+736,912
| +131% | +$45.6M |
|
16
ACV Auctions
ACVA
$1.26B
| $72.9M | 1.92% |
10,134,476
+2,198,261
| +28% | +$17.5M |
|
|
17
CALL
Advanced Micro Devices
AMD
$773B
| $71.6M | 1.88% |
+1,130,000
| New | +$96.2M |
|
|
18
On Holding
ONON
$10B
| $69.9M | 1.84% |
+4,356,885
| New | +$86.9M |
|
19
MGM Resorts International
MGM
$11B
| $65.6M | 1.73% |
2,208,519
+1,208,468
| +121% | +$39.3M |
|
|
20
Marvell Technology
MRVL
$213B
| $63.1M | 1.66% |
+1,470,063
| New | +$72.8M |
|
21
HubSpot
HUBS
$12B
| $61.2M | 1.61% |
+226,715
| New | +$72M |
|
22
Vail Resorts
MTN
$5.45B
| $59.3M | 1.56% |
274,784
-1,088
| -0.4% | -$247K |
|
|
DISH
23
DELISTED
DISH Network Corp.
DISH
| $58M | 1.53% |
4,195,417
-338,461
| -7% | -$5.98M |
|
24
Caesars Entertainment
CZR
$6.06B
| $55.9M | 1.47% |
1,731,318
-514,131
| -23% | -$22.4M |
|
25
CrowdStrike
CRWD
$195B
| $54.6M | 1.44% |
1,325,264
-911,320
| -41% | -$41.7M |
|
Similar funds
Gavin Baker's Q3 2022 Portfolio in Review
As of Q3 2022, Gavin Baker held 52 positions worth $3.8B, up 41% from $2.69B the previous quarter. Its ten largest holdings account for 64% of the portfolio.
Gavin Baker deployed $1.36B of net new capital in Q3 2022, opening 10 new positions and adding to 12 existing holdings. Its largest new stake was Advanced Micro Devices: 3,327,042 shares worth $211M.
By sector, the portfolio is most concentrated in Consumer Discretionary at 34% of assets, down from 39% a quarter earlier, followed by Technology and Communication Services.
On the sell side, the largest reduction was Meta Platforms (Facebook), an estimated $71M trimmed.
- Gavin Baker's largest Q3 2022 buy was Advanced Micro Devices: 3,327,042 shares worth $211M.
- Gavin Baker added most to Twilio in Q3 2022, an estimated $60.6M increase.
- Gavin Baker's biggest Q3 2022 reduction was Meta Platforms (Facebook), cutting an estimated $71M.
- Gavin Baker fully exited Oracle in Q3 2022, selling an estimated $92.1M.
- Gavin Baker's ten largest holdings make up 64% of its $3.8B portfolio in Q3 2022.
- Gavin Baker opened 10 new positions and closed 12 in Q3 2022.
- Gavin Baker's portfolio value rose 41% quarter-over-quarter to $3.8B.
Based on Atreides Management's 13F filing for Q3 2022, filed 14 Nov 2022.